Garibaldi Builds on Nickel Mountain Discovery

Garibaldi Builds on Nickel Mountain Discovery

TSXV: GGI

OTC: GGIFF

Frankfurt

: RQM

VANCOUVER

,

Oct. 13, 2017

/CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that an ongoing drill

program utilizing two rigs continues to expand northwest

British Columbia's

first nickel-copper rich sulphide system at the Company's 100%-owned

Nickel Mountain Project near Eskay Creek.

Highlights:

All 11 additional holes completed since EL-17-01 (see

September 1, 2017

news release) have returned broad sections of disseminated to

blebby net textured sulphides (pyrrhotite-pentlandite-chalcopyrite), hosted in olivine gabbro, consistent with a much larger scale mineralizing

event than ever previously suspected at Nickel Mountain;

XRF analysis of drill core supports the very high tenor of the sulphide at Nickel Mountain as previously disclosed by the Company (photos of

representative sulphide-bearing core from the new discovery zone are available for viewing at GaribaldiResources.com);

Assaying of drill core is being carried out by SGS in

Vancouver

and Garibaldi eagerly anticipates reporting initial results as they become available

during the second half of this month.

Dr.

Peter Lightfoot

, an internationally recognized nickel sulphide expert and a technical adviser for Garibaldi, commented: "The host rocks at Nickel

Mountain comprise a differentiated sequence of variable-textured and orbicular-textured gabbros and olivine gabbro with abundant disseminated

interstitial sulphide. The exceptional tenor of the sulphide is a compelling feature of Nickel Mountain.

"When viewed in a global context," Dr. Lightfoot continued, "Nickel Mountain is a classic example of an intrusion produced by open system

emplacement of silicate and sulphide magma through a dynamic magma tube within a differentiated gabbroic complex. This intrusion represents an open

system magma highway along which successive batches of silicate and sulphide magma were emplaced."

New Discovery Zone

Two drill rigs have completed 12 holes so far, totaling just over 3,000 meters at Nickel Mountain. Current drilling, aided by SJ Geophysics Volterra

borehole EM technology, is focused on a new discovery area beginning approximately 100 meters east-southeast of the historic northwest zone

highlighted by Silver Standard's 37.8-meter intercept grading 1.3% nickel and 0.79% copper (DDH-04-1966) in a disseminated halo. Borehole data

and visual analysis of highly mineralized intersections from this new discovery zone are vectoring geologists toward an interpreted massive sulphide

core.

While the nickel-copper-rich system remains open in all directions at Nickel Mountain, at least two km of prospective ground exists to the east-

southeast while a northeast trend of geophysical anomalies and surface mineralization continues for at least 6 km.

Steve Regoci

, President and CEO of Garibaldi, stated: "Both the scale and the grade potential of Nickel Mountain fit the profile of the rich Eskay

district. Shallow drilling half a century ago that discovered the northwest zone literally just scratched the surface of Nickel Mountain."

Qualified Person

Mr.

Everett F. Makela

, P.Geo., Director and VP Exploration Canada for the Company, a Qualified Person as defined NI-43-101, has reviewed and

approved the scientific and technical disclosure in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and

strategic development of its assets in some of the most prolific mining regions in

Mexico

and

British Columbia

.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per:

"Steve Regoci"

Steve Regoci

, President

Neither

the

TSX

Venture

Exchange

nor

its

Regulation

Services

Provider

accepts

responsibility

for

the

adequacy

or

the

accuracy

of

this

release.

SOURCE

Garibaldi Resources Corp.

View original content: http://www.newswire.ca/en/releases/archive/October2017/13/c7340.html

%SEDAR: 00004262E

For further information:

GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-

8851, Website: GaribaldiResources.com

CO: Garibaldi Resources Corp.

CNW 07:00e 13-OCT-17